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The Big Idea Competition

Support your fellow Babsonites by "investing" in their ventures during the Babson Entrepreneurship Forum this Saturday!

Check out the 5 finalist videos here

Prizes

  1. Winner: a $40,000 grant from Start-up Chile + a consulting session with senior partners with Fahrenheit 212 in NY + a 2-hour legal consult with VC Ready Law Group, LLC.
     
  2. Second Place: a $40,000 grant from Start-up Chile.

Judges

  1. Sean Marsh, Co-Founder/General Partner of Point Judith Capital
  2. David Troy, CEO, 410Labs; Founder, Twittervision.com; Founder, Shortmail.com
  3. Ben Littauer, Member, Boston Harbor Angels

Sponsors

startup-chileF212VCReadyLogo

The Details: 

Phase 1

  • Each participant team (up to three members) must complete the application for Babson’s Rocket Pitch event by October 7th or register for the Big Idea Competition starting on October 8th and until October 21st.
  • Participants will receive extra points towards making it to the finals by pitching on the Rocket Pitch.
  • Entrants must submit their idea by creating a two-minute video through YouTube by October 24, 2011. A confirmation email will be sent to the submitting team indicating that the video has been uploaded successfully and the entry form has been properly filled.
  • Initial judging is determined by the number of YouTube “likes” (70% weighting) and Professors ratings (30% weighting).

 Phase 2

  • The 5 best performing teams will win $500 and will be assigned a professor to work with them through the final.
  • Each Finalist will need to attend the 10th Annual Babson Entrepreneurship Forum on November 12th 2011. At the event, each team will present their idea in front of a panel of judges and the event attendees. Each team will have 3 minutes for a rocket pitch (the same format as Babson’s Rocket Pitch) and 3 minutes for Q&A.
  • Each judge will have $10,000 Entrepreneuros and each attendant will have $20 Entrepreneuros to allocate among the 5 teams after the presentations. The highest grossing team will win the first place.

Teams:

Teams may consist of more than one member and a maximum of three, and each team can submit only one original idea. The competition is limited to legal residents of the United States (this includes all international and domestic students) who are at least 18 years old, and who are not affiliated with the Babson Forum on Entrepreneurship as staff members or judges. At least one member of the submitting team must be a current student at Babson (Undergraduate or Graduate) or a Babson Alumni.

Start-up Chile

Start-Up Chile is a Chilean Government program that seeks to attract foreign, high-potential entrepreneurs to go to Chile to bootstrap their businesses with the goal of converting the country into the innovation and entrepreneurial hub of Latin America. This program provides Babson Entrepreneurs with two $40,000 subsidies (no equity) and a temporary 1-year visa (up to three members) to develop their projects along with access to the most potent social and capital networks in Chile starting in June 2012. The projects can be materialized anywhere in the world, the grant only requires for the lead team member to spend at least 6 months in Chile. The final screening for candidates to be elegible is done by the Blank Center. For more information regarding the conditions of the subsidies download the following Start-Up Chile Terms and Conditions

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